Which of the Following Is a Provision of Obligation of Good-Faith

question 41

Multiple Choice

Which of the following is a provision of obligation of good-faith dealings under Section 1-203 of the Uniform Commercial Code (UCC) ?

• A) Consideration is required for modification of a sales contract made in good faith.
• B) In determining the intent a reasonable person would have had, due consideration is to be given to any practices which the parties have established between themselves.
• C) Every contract or duty within this Act imposes an obligation of good faith in its performance or enforcement.
• D) If the court finds the contract to have been unconscionable at the time it was made, the court may refuse to enforce the contract.
• E) A proposal for concluding a contract addressed to one or more specific persons constitutes an offer if it is sufficiently definite and indicates the intention of the offeror.

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Definitions:

Acceptance of Change

The level at which individuals or organizations adapt to or embrace new policies, procedures, or environments without significant resistance.

Behavioural Science

An interdisciplinary field studying human actions and the internal and external factors influencing them, including psychology, sociology, and anthropology.

Organizational Change

Organizational change involves the process of modifying an organization's structure, strategies, operational methods, technologies, or organizational culture to effectuate change and achieve desired outcomes.

Systematic Collection

A methodical process of gathering data, resources, or items that is organized and structured to achieve specific objectives.